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$BTC I'm not convinced that long-term Bitcoin holders—who now control a record share of the supply—are suddenly going to start dumping coins here just because the Nasdaq might see another leg lower. The Nasdaq is already roughly 10% off its highs. Unless your view is that equities are entering a broader macro bear market, the realistic downside from here doesn't seem enormous. Even in a weaker scenario, we're probably talking about another 5–10%. What's interesting is that Bitcoin hasn't been moving in lockstep with the Nasdaq for quite some time. Over the past year, it's often traded on its own set of drivers, and on higher time frames the relationship has been far less straightforward than many assume. We've also seen BTC front-run major turns in risk assets before. Because of that, I don't think a potential Nasdaq move lower, by itself, is a particularly strong case for calling for new Bitcoin lows. Could it happen? Sure. But I think the argument needs more than just "Nasdaq down, therefore BTC down." $BTC #BTCSecurityAlliance #ETHExitQueueZero #OKXTraderVoices